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MC ATC AVC Price (dollars) 20 10 20 40 60 80 100 120 140 Quantity Reference: Ref 23-2 Assume that the costs shown in the

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MC ATC AVC Price (dollars) 20 10 20 40 60 80 100 120 140 Quantity Reference: Ref 23-2 Assume that the costs shown in the figure above refer to a firm in a perfectly competitive market. The short run shut down price for this firm is O A) $40 B) $55 O C) $60 O D) $35

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